Kentucky Statutes 385.152 – Custodian’s expenses, compensation and bond
Current as of: 2024 | Check for updates
|
Other versions
(1) A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian’s duties.
(2) Except for one who is a transferor under KRS § 385.042, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.
(3) Except as provided in KRS § 385.182(6), a custodian need not give a bond.
Effective: July 15, 1986
History: Created 1986 Ky. Acts ch. 182, sec. 15, effective July 15, 1986.
(2) Except for one who is a transferor under KRS § 385.042, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.
Terms Used In Kentucky Statutes 385.152
- Year: means calendar year. See Kentucky Statutes 446.010
(3) Except as provided in KRS § 385.182(6), a custodian need not give a bond.
Effective: July 15, 1986
History: Created 1986 Ky. Acts ch. 182, sec. 15, effective July 15, 1986.